HBARUSD trade ideas
Hbar analysisExpecting the completion of local wave five to take place around $0.19 at fib extension before major correction to bring us down around $0.10 dollars. Looking to add to my holdings in this area as longer term wave 5 will be taking us much higher. I'm expecting one more rally higher before this correction which will likely happen if btc turns bearish.
HBAR WedgeThe price has been very strong and consolidating between .13 and .15 for a long time, it tried to break the wedge twice and we are making higher highs and higher lows.
i expect a big move in the coming hours or days but it looks more bullish than bearish to me.
it also depends on the BTC move.
Wish you all good Profits!
Feeling pretty bullish about HBARHi guys, been a long time since I posted. I've been away working... on other jobs that required my attention (I'm not a full time trader... unfortunately.)
Looks like an ascending wedge is forming in the 30 minute time frame.
We've been having a crazy run up in altcoins ever since BTC consolidated after the initial ATH between last Dec and Jan. Altcoins have been running up crazy since then. My account quadrupled with Cardano.. And that makes me think that other alts have been left behind.
Cardano performance is a killer.. around 3700% gains since all time low.
HBARs performance not so much... around 500% gains since all time low.
I don't really know about the technology, but both seem impressive to me. But I don't trade based on that, but mostly on price action, sentiment, and my thesis- along with chart formations. The environment is setting up in a way that I see as positive, and we may see a crazy run up before seeing a crazy pull back... like we did before in winter of 17/18. But when that happens, best performing are the ones that have promise but didn't have the massive initial run up.
TOo ViolentIn the early stages of HBAR, they have a very low dip that broke the support line. An Investors' dream for those who caught it. I used the Bollingers Bands and exposed the wicks that where pretty explosive. It is in a bull momentum based on the historical rang pattern. The time to buy is now before it fills or surpasses its last highest wick.